There has been more interest lately in our Japan Foreclosed report. I dare say people are buying for several reasons:
1. Japanese properties are comparatively relatively cheap compared to other OECD countries
2. Japanese property market is not as debt leveraged. i.e. Japanese households have much lower levels of indebtedness
3. Japanese properties offer attractive yields
4. Japanese foreclosed properties are a particular bargain
5. Japanese investors in times like these are inclined to avoid investments, but property is a particularly a good one in the right area
I would not suggest Japanese property for Australians, New Zealanders unless you are paying for the property in yen earnings, otherwise you are exposing yourself to future yen depreciation. If you are earning yen with the intent of repatriating the money home, then you have a few years (3-4yrs) to renovate and flip the property the property before you go home, and before commodity-exporting nations currencies appreciate once more. I'm not a fan of the 'buy and hold' strategy because it really carries a huge opportunity cost. The value of that strategy has just been decimated. It was promoted by so called 'life coaches' and 'financial advisers'.
If you are interested in Japanese foreclosed properties which sell for between 5-50% discount to market prices (depending on location), then you should take a look at the eBook 'Japan Foreclosed Property 2009'. This is the 2nd edition with a lot of new content. It has 120 pages of information on how to buy foreclosed property in Japan.
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Andrew Sheldon www.sheldonthinks.com
1. Japanese properties are comparatively relatively cheap compared to other OECD countries
2. Japanese property market is not as debt leveraged. i.e. Japanese households have much lower levels of indebtedness
3. Japanese properties offer attractive yields
4. Japanese foreclosed properties are a particular bargain
5. Japanese investors in times like these are inclined to avoid investments, but property is a particularly a good one in the right area
I would not suggest Japanese property for Australians, New Zealanders unless you are paying for the property in yen earnings, otherwise you are exposing yourself to future yen depreciation. If you are earning yen with the intent of repatriating the money home, then you have a few years (3-4yrs) to renovate and flip the property the property before you go home, and before commodity-exporting nations currencies appreciate once more. I'm not a fan of the 'buy and hold' strategy because it really carries a huge opportunity cost. The value of that strategy has just been decimated. It was promoted by so called 'life coaches' and 'financial advisers'.
If you are interested in Japanese foreclosed properties which sell for between 5-50% discount to market prices (depending on location), then you should take a look at the eBook 'Japan Foreclosed Property 2009'. This is the 2nd edition with a lot of new content. It has 120 pages of information on how to buy foreclosed property in Japan.
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Andrew Sheldon www.sheldonthinks.com
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